It is now more obvious than ever that gold is becoming the new global reserve currency. Continuous and aggressive central-bank actions from the United States and Europe are driving the demand for gold. Investors have not yet seen any of the real hyperinflationary pressures that seem likely down the road. Gold’s substantial rise in price [...]
China Pushes to Make Its Currency a Global Force
June 22, 2012 | Posted by
China is continuing its efforts to turn the yuan into a common global reserve currency, agreeing to a deal with Brazil that would have the countries exchange up to $30 billion in their respective currencies. The exchange can be used to back up reserves in case of financial crisis or towards trade between the countries. [...]
